The-definition.com

Definition

Social obligation

Definition (1):

It refers to a firm’s engaging in social actions because of its obligation to meet certain economic and legal responsibilities.

Definition (2):

From an individual perspective, it is a need that is informal and based on social etiquette.

Definition (3):

People establish social obligations over time depending on social norms.

Attending an invitation to lunch in the neighborhood can be a social obligation for an individual when s/he doesn’t like to do so because s/he doesn’t know them well. For a business, meeting social obligations are donating to social charities, being transparent with people, and taking part in community events.

Use of the Term in Sentences:

  • Nowadays businesses are becoming more concerned about social obligations.
  • Jane is attending the party as a social obligation.
  • The bank is donating a large fund for establishing the hospital as a social obligation.
  • The TV channel is distributing relief among the flood-affected people as one of its social obligations.
  • Harry is always careful about maintaining all social obligations.
  • Helping the poor is not only a social obligation but also a moral one.
Share it:  Cite

More from this Section

  • Two-factor theory
    Frederick Herzberg’s two-factor theory, which proposes that intrinsic factors are related ...
  • Operating Environment
    Factors in the immediate competitive situation that affect a firm’s success in acquiring ...
  • Powerful Suppliers
    Suppliers can exert bargaining power on participants in an industry by raising prices ...
  • Big five model
    Big five model are: 1. Extraversion-the degree to which someone is sociable, talkative, ...
  • Implementation control
    Management efforts designed to assess whether the overall strategy should be changed ...